Harrods Sold to the Qatar Royal Family for a Price of £1.5 Billion

Harrods could be the world’s most famous departmental store. The touch of royalty arrived when Princess Diana began to date Harrods owner’s son Dodi Al-fayed. In fact, in memory of their tragic deaths, Mr. Mohammed al Fayed has erected two sculptures of theirs. Now, the old man is ot only tired of managing the store, but also sullen about the untimely death of his youthful son. Predictably, he has decided to retire and has sold the property to the Qatari royal family.

The store is being bought by the Qatari Holding for a price of £1.5 billion. It is the investment arm of the Qatar Investment Authority. Qatari prime minister Sheikh Hamad Bin Jassim Bin Jabr Al-Thani held a press conference in the fourth floor Georgian Restaurant and revealed that he understands how important the store is for the British people.

He said he also understands how important the Harrods is for tourism and he would accordingly make sure that Harrods would see the best of its days under him. It would be interesting to see how a traditional British institution would be managed by the rulers of one of the most Islamic nations in the world.